cover bidding

cover pricing

noun

the act of tendering an artificially high price for a contract, on the assumption that the tender will not be accepted

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012